Jefferies analyst James Wheatcroft maintained a Buy rating on Basic Fit N.V. (0RHD – Research Report) today and set a price target of €28.00.
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James Wheatcroft’s rating is based on several positive indicators for Basic Fit N.V. The company has maintained its guidance for FY25E, which suggests stability and confidence in its future performance. Additionally, Basic Fit has secured a new bank facility to address the 2026 convertible redemption, alleviating concerns about potential equity issues.
The company’s current trading performance is robust, with a 10% year-over-year increase in memberships and a 17% rise in revenue. The average revenue per member per month also saw a 3% increase. These factors, combined with strategic expansions and sponsorships, contribute to the positive outlook and justify the Buy rating.